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during excess demand market price is low or high
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during excess demand market price is low or high
Well as u know excess demand refers to a situation when quantity demanded is more than the quantity supplied at the prevailing market price. So under this situation market price is less than the equilibrium price....
Community Answer
during excess demand market price is low or high
high, because excess demand competition between buyers to buy th good so that they agree to purchase even at high price
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during excess demand market price is low or high
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